Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥17.16, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Oil and Gas industry in China. Total returns to shareholders of 208% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.59 per share. Reported Earnings • Apr 25
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: EPS: CN¥0.34 (up from CN¥0.11 in 1Q 2025). Revenue: CN¥8.56b (up 53% from 1Q 2025). Net income: CN¥2.76b (up 219% from 1Q 2025). Profit margin: 32% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
China Merchants Energy Shipping Co., Ltd., Annual General Meeting, May 14, 2026 China Merchants Energy Shipping Co., Ltd., Annual General Meeting, May 14, 2026, at 10:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.47, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 231% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.52 per share. Announcement • Mar 30
China Merchants Energy Shipping Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 China Merchants Energy Shipping Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.74 (up from CN¥0.63 in FY 2024). Revenue: CN¥28.2b (up 9.2% from FY 2024). Net income: CN¥6.01b (up 18% from FY 2024). Profit margin: 21% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (56% net debt to equity). Dividend is not well covered by cash flows (194% cash payout ratio). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥14.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Oil and Gas industry in China. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.13 per share. Price Target Changed • Feb 24
Price target increased by 8.9% to CN¥11.76 Up from CN¥10.80, the current price target is an average from 5 analysts. New target price is 12% below last closing price of CN¥13.41. Stock is up 112% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.63 last year. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.94 per share. Buy Or Sell Opportunity • Jan 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥9.60. The fair value is estimated to be CN¥7.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Announcement • Dec 26
China Merchants Energy Shipping Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 China Merchants Energy Shipping Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Buy Or Sell Opportunity • Dec 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to CN¥9.66. The fair value is estimated to be CN¥7.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Price Target Changed • Nov 25
Price target increased by 7.8% to CN¥10.56 Up from CN¥9.80, the current price target is an average from 5 analysts. New target price is 19% above last closing price of CN¥8.85. Stock is up 36% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.63 last year. Price Target Changed • Nov 12
Price target increased by 16% to CN¥9.50 Up from CN¥8.22, the current price target is an average from 5 analysts. New target price is 11% above last closing price of CN¥8.56. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.63 last year. New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Dividend is not well covered by cash flows (267% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Oct 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥6.73b (up 11% from 3Q 2024). Net income: CN¥1.18b (up 35% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Oct 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to CN¥8.58. The fair value is estimated to be CN¥6.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Declared Dividend • Oct 19
First half dividend of CN¥0.07 announced Shareholders will receive a dividend of CN¥0.07. Ex-date: 24th October 2025 Payment date: 24th October 2025 Dividend yield will be 2.6%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (192% cash payout ratio). The dividend has increased by an average of 40% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 10
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥8.67. The fair value is estimated to be CN¥6.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Announcement • Sep 30
China Merchants Energy Shipping Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 China Merchants Energy Shipping Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥7.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Oil and Gas industry in China. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.52 per share. Price Target Changed • Aug 30
Price target decreased by 7.8% to CN¥8.48 Down from CN¥9.20, the current price target is an average from 5 analysts. New target price is 31% above last closing price of CN¥6.49. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.67 for next year compared to CN¥0.63 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.14 in 2Q 2024). Revenue: CN¥6.99b (flat on 2Q 2024). Net income: CN¥1.26b (up 12% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Jun 30
China Merchants Energy Shipping Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 China Merchants Energy Shipping Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • May 01
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.17 in 1Q 2024). Revenue: CN¥5.60b (down 11% from 1Q 2024). Net income: CN¥865.4m (down 37% from 1Q 2024). Profit margin: 16% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Announcement • Apr 03
China Merchants Energy Shipping Co., Ltd., Annual General Meeting, Apr 29, 2025 China Merchants Energy Shipping Co., Ltd., Annual General Meeting, Apr 29, 2025, at 14:30 China Standard Time. Location: 13F, No. 1, Taizi Road, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 28
China Merchants Energy Shipping Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 China Merchants Energy Shipping Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.63 (up from CN¥0.60 in FY 2023). Revenue: CN¥25.8b (flat on FY 2023). Net income: CN¥5.11b (up 5.6% from FY 2023). Profit margin: 20% (up from 19% in FY 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 27
China Merchants Energy Shipping Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 China Merchants Energy Shipping Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥29.2b to CN¥27.4b. EPS estimate also fell from CN¥0.773 per share to CN¥0.631 per share. Net income forecast to grow 44% next year vs 29% growth forecast for Oil and Gas industry in China. Consensus price target down from CN¥10.00 to CN¥9.48. Share price was steady at CN¥6.87 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥6.06b (flat on 3Q 2023). Net income: CN¥872.2m (down 12% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 18
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) announces an Equity Buyback for CNY 443 million worth of its shares. China Merchants Energy Shipping Co., Ltd. (SHSE:601872) announces a share repurchase program. Under the program, the company will repurchase up to CNY 443 million worth of its shares. The repurchase price shall not exceed 150% of the average trading price of the company's stock in the 30 trading days before the board of directors approved the plan. All the repurchased shares will be cancelled and the registered capital of the company will be reduced. The repurchases will be funded using company's own or self-raised funds. The plan is subject to the review of the company's general meeting of shareholders. The repurchase period will be not more than 12 months from the date of company's general meeting of shareholders. Announcement • Sep 30
China Merchants Energy Shipping Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 China Merchants Energy Shipping Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.04, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.59 per share. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.839 to CN¥0.74 per share. Revenue forecast steady at CN¥29.1b. Net income forecast to grow 45% next year vs 21% growth forecast for Oil and Gas industry in China. Consensus price target of CN¥9.94 unchanged from last update. Share price fell 7.9% to CN¥7.51 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥6.98b (down 1.8% from 2Q 2023). Net income: CN¥1.12b (down 32% from 2Q 2023). Profit margin: 16% (down from 23% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Announcement • Jun 28
China Merchants Energy Shipping Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 China Merchants Energy Shipping Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 08
China Merchants Energy Shipping Co., Ltd., Annual General Meeting, Jun 26, 2024 China Merchants Energy Shipping Co., Ltd., Annual General Meeting, Jun 26, 2024, at 10:30 China Standard Time. Location: 13F, No. 1, Taizi Road, Nanshan District, Shenzhen, Guangdong China Announcement • May 30
Antong Holdings Co., Ltd. (SHSE:600179) agreed to acquire an unknown stake in Sinotrans Container Lines and China Merchants Guangzhou RoRo Shipping from China Merchants Energy Shipping Co., Ltd. (SHSE:601872). Antong Holdings Co., Ltd. (SHSE:600179) agreed to acquire an unknown stake in Sinotrans Container Lines and China Merchants Guangzhou RoRo Shipping from China Merchants Energy Shipping Co., Ltd. (SHSE:601872) on May 28, 2024. Consideration will be issued in the form of ordinary shares (A-shares). Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥6.25b (up 6.3% from 1Q 2023). Net income: CN¥1.38b (up 23% from 1Q 2023). Profit margin: 22% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Price Target Changed • Apr 24
Price target increased by 7.6% to CN¥9.74 Up from CN¥9.05, the current price target is an average from 5 analysts. New target price is 14% above last closing price of CN¥8.55. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.60 last year. Buy Or Sell Opportunity • Mar 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to CN¥7.96. The fair value is estimated to be CN¥6.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Mar 29
China Merchants Energy Shipping Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 China Merchants Energy Shipping Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.60 (down from CN¥0.61 in FY 2022). Revenue: CN¥25.9b (down 13% from FY 2022). Net income: CN¥4.84b (down 4.9% from FY 2022). Profit margin: 19% (up from 17% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥7.68. The fair value is estimated to be CN¥6.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Announcement • Dec 29
China Merchants Energy Shipping Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 China Merchants Energy Shipping Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (in line with 3Q 2022). Revenue: CN¥6.03b (down 23% from 3Q 2022). Net income: CN¥987.5m (up 1.2% from 3Q 2022). Profit margin: 16% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20. Revenue: CN¥7.11b (down 6.9% from 2Q 2022). Net income: CN¥1.65b (up 4.1% from 2Q 2022). Profit margin: 23% (up from 21% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in China. Announcement • Jun 28
China Merchants Energy Shipping Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 China Merchants Energy Shipping Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Price Target Changed • Jan 20
Price target decreased to CN¥8.32 Down from CN¥9.58, the current price target is an average from 4 analysts. New target price is 31% above last closing price of CN¥6.33. Stock is up 57% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.48 last year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.04, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Oil and Gas industry in China. Total returns to shareholders of 87% over the past three years. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.085 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.085 in 3Q 2021). Revenue: CN¥7.85b (up 58% from 3Q 2021). Net income: CN¥976.1m (up 55% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Oil and Gas industry in China. Total returns to shareholders of 95% over the past three years. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.066 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.066 in 2Q 2021). Revenue: CN¥7.63b (up 70% from 2Q 2021). Net income: CN¥1.58b (up 179% from 2Q 2021). Profit margin: 21% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 7.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Price Target Changed • Sep 02
Price target increased to CN¥8.28 Up from CN¥7.71, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥7.25. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.48 last year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥8.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Oil and Gas industry in China. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.54, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in China. Total returns to shareholders of 98% over the past three years. Price Target Changed • Jun 14
Price target increased to CN¥7.56 Up from CN¥6.50, the current price target is an average from 5 analysts. New target price is 24% above last closing price of CN¥6.07. Stock is up 40% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.48 last year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.97, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Oil and Gas industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.68 per share. Price Target Changed • May 20
Price target increased to CN¥6.50 Up from CN¥6.07, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CN¥5.62. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.48 last year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.05 in 1Q 2021). Revenue: CN¥6.10b (up 70% from 1Q 2021). Net income: CN¥1.31b (up 242% from 1Q 2021). Profit margin: 21% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Over the next year, revenue is expected to shrink by 1.4% compared to a 5.7% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improved over the past week After last week's 29% share price gain to CN¥4.94, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.36 per share. Price Target Changed • Mar 31
Price target increased to CN¥5.88 Up from CN¥5.44, the current price target is an average from 4 analysts. New target price is 25% above last closing price of CN¥4.72. Stock is up 9.3% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.48 last year. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.48 (up from CN¥0.34 in FY 2020). Revenue: CN¥24.4b (up 35% from FY 2020). Net income: CN¥3.61b (up 30% from FY 2020). Profit margin: 15% (in line with FY 2020). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates by 63%. Over the next year, revenue is expected to shrink by 19% compared to a 12% growth forecast for the oil industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 13
China Merchants Energy Shipping Co., Ltd.(XSSC:601872) dropped from FTSE All-World Index (USD) China Merchants Energy Shipping Co., Ltd.(XSSC:601872) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.65, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Oil and Gas industry in China. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.97 per share. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥5.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.23 per share. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.096 (vs CN¥0.22 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥4.48b (down 12% from 2Q 2020). Net income: CN¥567.9m (down 68% from 2Q 2020). Profit margin: 13% (down from 35% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 21
Price target decreased to CN¥7.11 Down from CN¥7.95, the current price target is an average from 4 analysts. New target price is 33% above last closing price of CN¥5.34. Stock is down 9.2% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.19 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.60b (down 22% from 1Q 2020). Net income: CN¥382.2m (down 70% from 1Q 2020). Profit margin: 11% (down from 28% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.41 (vs CN¥0.27 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥18.1b (up 24% from FY 2019). Net income: CN¥2.78b (up 72% from FY 2019). Profit margin: 15% (up from 11% in FY 2019). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.41, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 17x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 41%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.50, the stock is trading at a trailing P/E ratio of 6.6x, down from the previous P/E ratio of 7.9x. This compares to an average P/E of 17x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 16%. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥5.37 The company is down 7.0% from its price of CN¥5.79 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.16 per share. Announcement • Jan 06
China Merchants Energy Shipping Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 China Merchants Energy Shipping Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: CN¥5.48 The company is down 9.0% from its price of CN¥5.99 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.88 per share. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥5.53 The company is down 13% from its price of CN¥6.33 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.22 per share. Analyst Estimate Surprise Post Earnings • Nov 01
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 7.7% at CN¥0.14. Revenue is expected to shrink by 3.5% over the next year, compared to a 7.2% growth forecast for the Oil and Gas industry in China. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥4.71b, up 192% from the prior year. Total revenue was CN¥17.8b over the last 12 months, up 22% from the prior year. Announcement • Oct 30
China Merchants Energy Shipping Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 China Merchants Energy Shipping Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 31
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) completed the acquisition of Sinotrans Shipping (Beijing) Co., Ltd from China Economic and Trade Shipping Company Limited. China Merchants Energy Shipping Co., Ltd. (SHSE:601872) agreed to acquire Sinotrans Shipping (Beijing) Co., Ltd from China Economic and Trade Shipping Company Limited for CNY 6.1 million on January 20, 2020. The transaction is still subject to review and approval by the shareholder meeting. The transaction was approved by the 33rd meeting of the 5th directorate of China Merchants Energy Shipping Co., Ltd., on January 20, 2020. The transaction was approved in the China Merchants Energy Shipping's 1st Extraordinary Shareholders Meeting held on February 27, 2020.
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) completed the acquisition of Sinotrans Shipping (Beijing) Co., Ltd from China Economic and Trade Shipping Company Limited on April 15, 2020. Announcement • Jul 17
China Merchants Energy Shipping Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 China Merchants Energy Shipping Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
